Gold Prices Eye $4,402 as Market Recovers Above Key Support

Gold prices are recovering after hitting an intraday low of $4,293. The market is now trading above the daily VC PMI mean of $4,347 and the weekly Buy 1 level of $4,332.

This creates a short-term support cluster that, if held, could shift momentum toward mean reversion and a potential test of the daily Sell 1 target at $4,402.

The VC PMI indicates a high probability of reversion from key levels, with a 90% chance from Buy 1 or Sell 1 and approximately a 95% probability from Buy 2 or Sell 2.

However, the recent decline may be entering a short-term exhaustion window, and confirmation requires sustained trading above the daily mean and eventually $4,402.